Walter Energy's Board of Directors Declares Quarterly Dividend

Walter Energy's Board of Directors Declares Quarterly Dividend
BIRMINGHAM, AL -- (Marketwire) -- 01/31/13 -- Walter Energy Inc.
(NYSE: WLT) (TSX: WLT), the world's leading, publicly traded
"pure-play" producer of metallurgical coal for the global steel
industry, today announced that its Board of Directors has declared a
regular quarterly dividend of $0.125 per common share payable on
March 12, 2013, to shareholders of record as of the close of business
on February 20, 2013.
About Walter Energy
Walter Energy is the world's leading, publicly traded "pure-play"
metallurgical coal producer for the global steel industry with
strategic access to high-growth steel markets in Asia, South America
and Europe. The Company also produces thermal coal, anthracite,
metallurgical coke and coal bed methane gas. Walter Energy employs
approximately 4,000 employees and contractors with operations in the
United States, Canada and United Kingdom. For more information about
Walter Energy, please visit www.walterenergy.com.
Safe Harbor Statement
Except for historical information contained herein, the statements in
this release are forward-looking and made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
and may involve a number of risks and uncertainties. Forward-looking
statements are based on information available to management at the
time, and they involve judgments and estimates. Forward-looking
statements include expressions such as "believe," "anticipate,"
"expect," "estimate," "intend," "may," "plan," "predict," "will," and
similar terms and expressions. These forward-looking statements are
made based on expectations and beliefs concerning future events
affecting us and are subject to various risks, uncertainties and
factors relating to our operations and business environment, all of
which are difficult to predict and many of which are beyond our
control, that could cause our actual results to differ materially
from those matters expressed in or implied by these forward-looking
statements. The following factors are among those that may cause
actual results to differ materially from our forward-looking
statements: unfavorable economic, financial and business conditions;
the global economic crisis; market c
onditions beyond our control;
prolonged decline in the price of coal; decline in global coal or
steel demand; prolonged or dramatic shortages or difficulties in coal
production; our customer's refusal to honor or renew contracts; title
defects preventing us from (or resulting in additional costs for)
mining our mineral interests; concentration of our coal and gas
producing mineral interests in limited number of areas subjects us to
risk; weather patterns and conditions affecting production;
geological, equipment and operational risks associated with mining;
unavailability of cost-effective transportation for our coal;
significant increase in competitive pressures; significant cost
increases and delays in the delivery of purchased components;
availability of adequate skilled employees and other labor relations
matters; greater than anticipated costs incurred for compliance with
environmental liabilities or limitations on our abilities to produce
or sell coal; our ability to attract and retain key personnel; future
regulations that increase our costs or limit our ability to produce
coal; new laws and regulations to reduce greenhouse gas emissions
that impact the demand for our coal reserves; adverse rulings in
current or future litigation; inability to access needed capital;
availability of licenses, permits, and other authorizations may be
subject to challenges; downgrade in our credit rating; our ability to
identify suitable acquisition candidates to promote growth; our
ability to successfully integrate acquisitions, including the
acquisition of Western Coal Corp.; volatility in the price of our
common stock; our ability to pay regular dividends to stockholders;
our exposure to indemnification obligations; and other risks and
uncertainties including those described in our filings with the SEC.
Forward-looking statements made by us in this release, or elsewhere,
speak only as of the date on which the statements were made. You are
advised to read the risk factors in our most recently filed Annual
Report on Form 10-K and subsequent filings with the SEC, which are
available on our website at www.walterenergy.com and on the SEC's
website at www.sec.gov. New risks and uncertainties arise from time
to time, and it is impossible for us to predict these events or how
they may affect us or our anticipated results. We have no duty to,
and do not intend to, update or revise the forward-looking statements
in this release, except as may be required by law. In light of these
risks and uncertainties, readers should keep in mind that any
forward-looking statement made in this press release may not occur.
All data presented herein is as of the date of this release unless
otherwise noted.
Contact:
Paul Blalock
Vice President, Investor Relations
205.745.2627
paul.blalock@walterenergy.com